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FIRST LIBERTY BANK PURCHASES SAVANNAH BRANCH OFFICES

 MACON, Ga., April 1 /PRNewswire/ -- First Liberty Bank, a wholly owned subsidiary of First Liberty Financial Corp. (NASDAQ: FLFC), announced today the purchase of six branch offices in Savannah from Bankers First Savings Bank, FSB.
 The closing was effective Saturday, March 27.
 Robert F. Hatcher, First Liberty's president and chief executive officer, said: "We are very excited about expanding our distribution system in the Savannah market. The combination of our existing branch facilities, and these Kroger store branches, will allow us to offer our customers even more banking convenience."
 With the purchase of these locations, First Liberty Bank now operates 26 banking offices statewide -- 11 offices in the Savannah market, 11 offices in the Macon/middle Georgia market, and three offices in the Valdosta/south Georgia market.
 The transaction resulted in the purchase of $38 million in deposits and $5 million in loans, increasing First Liberty Bank's total deposits to approximately $570 million and its total assets to approximately $720 million.
 First Liberty Financial Corp. is the holding company for First Liberty Bank and a mortgage banking company, Liberty Mortgage Corporation, which operates in all of the bank's market areas and through correspondent relationships in several southeastern states. First Liberty common stock is quoted through NASDAQ under the symbol FLFC.
 -0- 4/1/93
 /CONTACT: Larry D. Flowers, marketing director of First Liberty Bank, 912-743-0911/
 (FLFC)


CO: First Liberty Financial Corp.; Bankers First Savings Bank, FSB ST: Georgia IN: FIN SU: TNM

BR-BN -- AT007 -- 2064 04/01/93 13:23 EST
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Publication:PR Newswire
Date:Apr 1, 1993
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